Wealth inequality ls a problem faced by many countries across the world. This is because a few people get
astronomically high salaries. Therefore, some people say that there should be an upper limlt on the
salaries. l, however, disagree with this notion. A number of arguments surround my opinion.
To begin with, I believe that those who are the top have achieved that place with their effort and so they
deserve what they are getting. Wealth is not the culprit. There should be no negative associations with the
word wealth in the context of people having it. The current President of United Stated, Barack Obama is a
typical example of a person who has achieved his dream. He succeeded in transcending his social class, his
race etc. and became the president of United States. Thus capitalism provides everyone with a fair chance
to reach great achievements in their life if they seize the opportunitles'
Secondly, it is the people who decide the high salaries of a select few. For example, let us presume that
Inany people want to see high quality cricket. so, a person like Mahendra singh Dhoni, who has a talent for
cricket and has honed his cricket skills, would be much in demand. People would be ready to pay for the
service he offers (excellent cricket) and consequently his high wage will be justified. On the other hand a
mediocre cricket player would not be paid at all since there is no demand to see mediocre cricket'
Finally, this discrepancy in salaries ultimately benefits the whole society. The strongest motivational force,
a human being can feel towards work, is a potential reward for their efforts. Therefore, those who work
hard and contribute most to society should justly also gain the most in form of increased wealth. lf those
who work will benefit equally as the ones who do not, there will be no reason to work and the overall
productivity will be lowered, which is bad for society. lncentives are therefore necessary since it increases
the overall standard for the whole society in form of material wealth. Even the worst off may benefit more
than they would have, if the productivity had been low e. g. through charities etc.
To sum up, I reiterate my opinion by saying that the extremely high salaries are. lustified and there should
not be a limit on it. A system which, values individuality, rewards ability and risk-taking, ultimately
prospers. Poverty and social dysfunction cannot be fixed by taking from the haves to give to the have-
nots. To improve the situation, the poor must be motivated to work hard and do something.
Wealth
inequality ls a problem faced by
many
countries across the world. This is
because
a few
people
get
astronomically
high
salaries
.
Therefore
,
some
people
say that there should be an upper
limlt
on the
salaries.
l
,
however
, disagree with this notion. A number of arguments surround my opinion.
To
begin
with, I believe that those
who
are the top have achieved that place with their
effort and
so
they
deserve what they are getting.
Wealth
is not the culprit. There should be no
negative
associations with the
word
wealth
in the context of
people
having it. The
current
President of United Stated, Barack Obama is a
typical example of a person
who
has achieved his dream. He succeeded in transcending his social
class
, his
race etc. and became the president
of United States
.
Thus
capitalism provides everyone with a
fair
chance
to reach great achievements in their life if they seize the
opportunitles
'
Secondly
, it is the
people
who
decide the
high
salaries
of a select few.
For example
,
let
us presume that
Inany
people
want to
see
high
quality
cricket
.
so
, a person like
Mahendra
singh
Dhoni
,
who
has a talent for
cricket and has honed his
cricket
skills
, would be much in demand.
People
would be ready to pay for the
service he offers (excellent
cricket)
and
consequently
his
high
wage will
be justified
.
On the other hand
a
mediocre
cricket
player would not
be paid
at all since there is no demand to
see
mediocre cricket'
Finally
, this discrepancy in
salaries
ultimately
benefits the whole
society
. The strongest motivational force,
a human being can feel towards
work
, is a potential reward for their efforts.
Therefore
, those
who
work
hard
and contribute most to
society
should
justly
also
gain the most in form of increased
wealth
.
lf
those
who
work
will benefit
equally as
the ones
who
do not, there will be no reason to
work
and the
overall
productivity will
be lowered
, which is
bad
for
society
.
lncentives
are
therefore
necessary since it increases
the
overall
standard for the whole
society
in form of material
wealth
. Even the worst off may benefit more
than they would have, if the productivity had been low
e. g.
through charities etc.
To sum up, I reiterate my opinion by saying that the
extremely
high
salaries
are.
lustified
and there should
not be a limit on it. A system which, values individuality, rewards ability and
risk
-taking,
ultimately
prospers. Poverty and social dysfunction cannot be
fixed
by taking from the haves to give to the have-
nots
. To
improve
the situation, the poor
must
be motivated
to
work
hard
and do something.